The current PE ratio for Black Hills stock as of May 30, 2025 is 14.88. This is calculated based on the current EPS of $3.93 and the stock price of $58.47 per share. The current price-to-earnings ratio is about the same as the last four quarters average.
The average historical PE ratio of Black Hills for the last ten years is 28.87. The current PE ratio of 14.88 is 48% below the historical average. Over the past ten years, BKH's PE ratio was at its highest in the Jun 2016 quarter at 242.46, when the stock price was $63.04 and the EPS was $0.26. The lowest value was in the Mar 2018 quarter, when it reached 12.4 with a price of $54.3 and an EPS of $4.38.
Maximum annual increase: 80.56% in 2019
Maximum annual decrease: -58.51% in 2017
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
2024 | 14.97 | 8.48% | $58.52 | $3.91 |
2023 | 13.8 | -21.9% | $53.95 | $3.91 |
2022 | 17.67 | -6.36% | $70.34 | $3.98 |
2021 | 18.87 | 12.05% | $70.57 | $3.74 |
2020 | 16.84 | -29.45% | $61.45 | $3.65 |
2019 | 23.87 | 80.56% | $78.54 | $3.29 |
2018 | 13.22 | -26.76% | $62.78 | $4.75 |
2017 | 18.05 | -58.51% | $60.11 | $3.33 |
2016 | 43.5 | N/A | $61.34 | $1.41 |
2015 | N/A | N/A | $46.43 | -$0.71 |
2014 | 17.98 | -8.92% | $53.04 | $2.95 |
2013 | 19.74 | 27.11% | $52.51 | $2.66 |
2012 | 15.53 | -42.18% | $36.34 | $2.34 |
2011 | 26.86 | 57.54% | $33.58 | $1.25 |
2010 | 17.05 | 35.1% | $30 | $1.76 |
Year | PE ratio | PE change | Price | EPS |
---|---|---|---|---|
Mar 2025 | 15.43 | 3.07% | $60.65 | $3.93 |
Dec 2024 | 14.97 | -8.66% | $58.52 | $3.91 |
Sep 2024 | 16.39 | 22.04% | $61.12 | $3.73 |
Jun 2024 | 13.43 | 0.07% | $54.38 | $4.05 |
Mar 2024 | 13.42 | -2.75% | $54.6 | $4.07 |
Dec 2023 | 13.8 | 5.26% | $53.95 | $3.91 |
Sep 2023 | 13.11 | -18.87% | $50.59 | $3.86 |
Jun 2023 | 16.16 | -0.12% | $60.26 | $3.73 |
Mar 2023 | 16.18 | -8.43% | $63.1 | $3.9 |
Dec 2022 | 17.67 | 4.12% | $70.34 | $3.98 |
Sep 2022 | 16.97 | -3.19% | $67.73 | $3.99 |
Jun 2022 | 17.53 | -8.27% | $72.77 | $4.15 |
Mar 2022 | 19.11 | 1.27% | $77.02 | $4.03 |
Dec 2021 | 18.87 | 16.63% | $70.57 | $3.74 |
Sep 2021 | 16.18 | -7.28% | $62.76 | $3.88 |
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
BKH's current P/E ratio is below the 3, 5 and 10-year averages.
Compared to its peers DUK and EXC, BKH's PE ratio stands lower, however it is higher than MDU's and NWE's. Black Hills is presently trading at a lower PE ratio (14.88) than its peer group average of 18.91.
Stock name | PE ratio | Market cap |
---|---|---|
MDU Mdu Resources Group Inc | 13.36 | $3.52B |
NWE Northwestern Corp | 14.13 | $3.34B |
BKH Black Hills Corp | 14.92 | $4.25B |
EXC Exelon Corp | 16.15 | $43.85B |
AVA Avista Corp | 16.43 | $3.11B |
DUK Duke Energy CORP | 19.41 | $90.99B |
XEL Xcel Energy Inc | 20.4 | $40B |
CMS Cms Energy Corp | 20.64 | $26.82B |
LNT Alliant Energy Corp | 21.37 | $15.92B |
AEE Ameren Corp | 21.38 | $26.12B |
CNP Centerpoint Energy Inc | 24.93 | $24.25B |
BKH's price to earnings ratio is 14.88 as of May 30, 2025.
As an average over the last 3 years, BKH stock has a PE ratio of 15.42.
As an average over the last 5 years, BKH stock has a PE ratio of 16.22.
In the last ten years, the Jun 2016 quarter recorded the highest quarterly PE ratio at 242.46.
The current price to earnings ratio of BKH is 48% lower than the 10-year historical average.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (May 30, 2025), Black Hills's stock price is $58.47. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $3.93. Therefore, Black Hills's P/E ratio for today is 14.88. PE RATIO(14.88) = STOCK PRICE($58.47) / TTM EPS($3.93)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.